1,065
1.1K
tv
eye 1,065
favorite 0
quote 0
all on the spending side and as many americans have to balance the wrong budget knows, if you have a deficit that means you have to bring in more rate comment and spend less. melissa: all we're ever talking about is raising taxes and nobody is talking about what we need to cut. the first thing you would do is stop spending. let's tighten our belts. regardless though you really think it is too late? i think they can come up with some solution that is held together with chicken wire and bubblegum and scotch tape and this little crummy thing that will keep us from going over the cliff pushing the whole problem off into the future. speak i think you have to treat two separate issues separately. one is avoiding the cliff, and i think the way to do that is to reach a short-term agreement on tax cut extensions. relatively optimistic they can get a long-term budget agreement done next year, but don't think they can do it in two weeks which is what the president thinks it's going to happen. if they separate the two issues and reach an agreement, that will onny be temporary. it is not like they're sig
all on the spending side and as many americans have to balance the wrong budget knows, if you have a deficit that means you have to bring in more rate comment and spend less. melissa: all we're ever talking about is raising taxes and nobody is talking about what we need to cut. the first thing you would do is stop spending. let's tighten our belts. regardless though you really think it is too late? i think they can come up with some solution that is held together with chicken wire and bubblegum...
211
211
tv
eye 211
favorite 0
quote 0
so we're going to be in the 20s as far as deficits going forward. i think they're taunting markets. i'm hoping we don't wake up one day and markets look at what is going on here and fire right back at them. tracy: you know what? you're not wrong. that is going to happen. between that and the bond bubble bursting we have a lot to look forward to in the new year. gary kaltbaum, kaltbaum capital management. >> my pleasure, thank you. ashley: every deal is a scam, a shell game and he's right. tracy: yeah. ashley: guess what? banks are bouncing back. the third quarter proving very profitable for some of the industry's biggest names but are we out of the woods just yet? gerri willis joins us ahead to talk about that. tracy: first as we do every day at this time of day look how oil is trading. it is basically flat. $88.82 a barrel. we'll be right back. ashley: it is time to make money with charles payne. this hour we're looking at pet health specialists pet med express. charles, how fat is joe is the question? tracy: ah, fat joe. >> fat joe. i told tracy, i don't know if i told you about a
so we're going to be in the 20s as far as deficits going forward. i think they're taunting markets. i'm hoping we don't wake up one day and markets look at what is going on here and fire right back at them. tracy: you know what? you're not wrong. that is going to happen. between that and the bond bubble bursting we have a lot to look forward to in the new year. gary kaltbaum, kaltbaum capital management. >> my pleasure, thank you. ashley: every deal is a scam, a shell game and he's right....
130
130
tv
eye 130
favorite 0
quote 0
supply deficit on that market and it sure helps to see the good jobs number. that was another supportive situation. when it comes to the copper market, we are again today. one of the strongest metals in the metal complex, the copper market. that is a good sign for economic growth down road. back to you, cheryl casone and dennis kneale. cheryl: thanks to both of you. breaking news into fox business. want to show you once again live pictures out of cairo, egypt. reuters is reporting protesters have breached a military barricade. that barricade is protecting the presidential palace. the protesters are upset about the president's decree giving him almost unquestioned power over his government but reuters reporting the barrier has been broken. they tried two days ago and were unsuccessful. those protesters have had success. we will keep you posted. fiscal cliff survival kit looking for a save haven, munis, maybe the way to go. we will do you y. dennis: employees of random house in for a lot of green, 50 shades of gray. how the world's currencies are faring against
supply deficit on that market and it sure helps to see the good jobs number. that was another supportive situation. when it comes to the copper market, we are again today. one of the strongest metals in the metal complex, the copper market. that is a good sign for economic growth down road. back to you, cheryl casone and dennis kneale. cheryl: thanks to both of you. breaking news into fox business. want to show you once again live pictures out of cairo, egypt. reuters is reporting protesters...
117
117
tv
eye 117
favorite 0
quote 0
. >> i think there's going to be a frame work achieved, but not meaningful debt or deficit reduction, no reform to entitlements, and i don't think there's tax reform. there's a deal in form, but i think there's more to get done. >> are we done? >> ask another if you want. >> do they really have to raise taxes? people accepted that's the outcome. >> i think that they need to raise revenue. how they do it, whether it's some tax increases or some limiting of deductions, but it shouldn't be hard to bridge a gap that's wider and wider. >> a matter of what it looks like, a given at this point. >> i think it is. >> higher taxes are coming. doug, thank you. ask as many questions as you want. >> you're generous with your time. >> that's what dagen does when she's here. >> she would be huck -- heckling you for your bad voice today. the supposed middleman in the debt negotiations throwing fire on the talks this week by saying nothing will get done unless republicans agree to raise tax rates on the rich. >> there you go. rich edson in dc with the latest on that. hey, rich. >> congressional republ
. >> i think there's going to be a frame work achieved, but not meaningful debt or deficit reduction, no reform to entitlements, and i don't think there's tax reform. there's a deal in form, but i think there's more to get done. >> are we done? >> ask another if you want. >> do they really have to raise taxes? people accepted that's the outcome. >> i think that they need to raise revenue. how they do it, whether it's some tax increases or some limiting of...
1,033
1.0K
tv
eye 1,033
favorite 0
quote 0
. >> well, we certainly should be because part of the deficit problem, a great part, is entitlements, social security and medicare, keep adding fiscal burdens as people's live expectancy increases and it's great that people are living longer but when social security was first thought of the life expectancy was only 67. now it is around 85. we need to raise retirement ages or somehow thinking about cutting back on benefits to keep the programs in balance. ashley: diana, the other side of this issue is coming down to taxes. two years ago the president said he didn't want to let taxes go up because gdp growth was so low. how can you make that argument two years later today. gdp still struggling to get any traction? >> he should be making that argument because gdp growth is now at 2%. it was at 2.5 when he made the argument in 2010. there was even more reason not to get tax rates higher, not to allow them to go higher. the only way we'll get out of this fiscal mess is through more economic growth. and if we raise tax rates that is going to stifle economic growth. we need to be keeping tax
. >> well, we certainly should be because part of the deficit problem, a great part, is entitlements, social security and medicare, keep adding fiscal burdens as people's live expectancy increases and it's great that people are living longer but when social security was first thought of the life expectancy was only 67. now it is around 85. we need to raise retirement ages or somehow thinking about cutting back on benefits to keep the programs in balance. ashley: diana, the other side of...
177
177
tv
eye 177
favorite 0
quote 0
we all want to reduce the deficit, and if you look at where the tax rates were in the clinton administration with the highest and most sustained economic growth in the history of the country, that's where they went to and maybe there's a compromise there where they wouldn't even go that high, but to say they're not going to expire at all, we'll do what we have been doing, that's an unsustainable position. dennis: all right, you know what? i appreciate it, we have to wrap it up. i appreciate you both came on here together today. thank you very much for being here, and keep working at it. we need your help. >> have a good one. >> thanks. cheryl: more on breaking news from egypt. look at the pictures coming out of cairo. at this point, an estimated 50,000 protesters are in tahrir square chaptering down with morsi and the constitution. he rammed through a referendum, a draft constitution, supposed to be september 15th; we'll see, and groups, parties, just many members of the public in egypt taking part now. we learned moments ago that president morsi left the palace according to a report we just
we all want to reduce the deficit, and if you look at where the tax rates were in the clinton administration with the highest and most sustained economic growth in the history of the country, that's where they went to and maybe there's a compromise there where they wouldn't even go that high, but to say they're not going to expire at all, we'll do what we have been doing, that's an unsustainable position. dennis: all right, you know what? i appreciate it, we have to wrap it up. i appreciate you...
233
233
Nov 29, 2012
11/12
by
FBC
tv
eye 233
favorite 0
quote 1
center debt reduction task force which like simpson-bowles offered clear-cut steps for cutting the deficit long before we were even talking about the fiscal cliff. former republican senator pete domenici from new mexico joins us now. senator, we just heard from speaker john boehner. it is very theatrical now. we wish everybody would come to the table and get serious. who is kidding who? bipartisanship is kind of a dirty word? >> well, look, i'm not sure that the anti-bipartisanship is what is at work here. i think until you get this down to four or five people, maybe six at the most that can make the decisions, you won't get it resolved. i have been here long enough to go through a very long summit and it ended up after many participants that eight people had settled it and came together at the end and of the eight, three finally made the basic decisions. so we can't tell who's, who's meeting with who but what's going on now, staff are developing different programs for these members, different ideas. this one will cost this much. this one will give this much but, from my standpoint i spent
center debt reduction task force which like simpson-bowles offered clear-cut steps for cutting the deficit long before we were even talking about the fiscal cliff. former republican senator pete domenici from new mexico joins us now. senator, we just heard from speaker john boehner. it is very theatrical now. we wish everybody would come to the table and get serious. who is kidding who? bipartisanship is kind of a dirty word? >> well, look, i'm not sure that the anti-bipartisanship is...